Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance+0.008%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$950.953% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 4 days (all we have)+0.043%+$4 · spread now +0.008%, 7d avg +0.045%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.036% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.045%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance HYPERUSDT | 0.07481 | 0.0100 | pay 0.0050% / 4h | 2h 53m | $2.0M | $2.2M | 50x |
| Short | Bybit HYPERUSDT | 0.07482 | 0.0100 | get 0.0050% / 4h | 2h 53m | $1.2M | $786K | 25x |
Binance HYPERUSDT
Bybit HYPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.008% → +0.045%
- −$3.63
- Slippage, 4 orders
- −$74.3
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$98.92
- Costs to cover
- 0.953%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; Bybit: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 11 min ago | 0.66 bp | 21.9 bp −$22 | 94.6 bp −$946 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 4.70 bp | 28.3 bp −$28 | 228.3 bp −$2,283 | doesn't fit | doesn't fit |
HYPER on 10 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HYPERUSDTM | −0.0216% | 4h | 0.07457 | −0.326% | $119K | $96K | 30x | as long as short |
| Hyperliquid HYPER | +0.0100% | 1h | 0.07486 | +0.058% | $72K | $136K | 3x | as long as short |
| Aster HYPERUSDT | +0.0100% | 4h | 0.07473 | −0.113% | $20K | $4K | 5x | as long as short |
| Binance HYPERUSDTlong | +0.0100% | 4h | 0.07481 | long leg | $2.0M | $2.2M | 50x | |
| Bybit HYPERUSDTshort | +0.0100% | 4h | 0.07482 | +0.008% | $1.2M | $786K | 25x | |
| Gate HYPER_USDT | +0.0100% | 4h | 0.07470 | −0.152% | $87K | $48K | 50x | as long as short |
| MEXC HYPER_USDT | +0.0100% | 4h | 0.07478 | −0.045% | $245K | $132K | 20x | as long as short |
| Bitget HYPERUSDT | +0.0100% | 4h | 0.07480 | −0.018% | $316K | $275K | 50x | as long as short |
| Variational Omni HYPER | +0.0100% | 4h | 0.07452 | −0.388% | $6K | $1K | — | as long as short |
| BloFin HYPER-USDT | +0.0131% | 4h | 0.07487 | +0.075% | $191K | $20K | 50x | as long as short |
KuCoin HYPERUSDTM
Hyperliquid HYPER
Aster HYPERUSDT
Gate HYPER_USDT
MEXC HYPER_USDT
Bitget HYPERUSDT
Variational Omni HYPER
BloFin HYPER-USDT